For the first time this decade, divorce rates have begun to increase. In the latest figures released there was a 5.8 per cent increase of opposite-sex couples divorcing between 2015 and 2016. The last time any increase in the number of divorces happened it was from 2009 to 2010, with divorce rates increasing quickest among couples over 50. Even though these figures cover the whole of the UK, as London is its largest city by far and accounts for over 10 per cent of the population, it has most likely risen here too. Though it does mean now is a good time for divorce lawyers.
More People, More Problems
Simply put, there are now more people in London than ever before, so it makes sense for there to be more divorces. Though it could also be argued that rates should stay the same really. However, a mix of cultures does mean that there may be more people where divorce is more commonplace, while the process of going through one may be getting easier too.
A few years ago in 2015 divorce rates were at their lowest for 40 years. One of the main reasons for this was believed to be that cohabitating has increased for a lot of couples before they get married. This means fewer couples are getting married to subsequently get divorced, as well as being better prepared for married life having tested out this important part first. Especially in London where rents and house prices have increased dramatically, the costs of divorce aren’t even worth thinking about for some.
The Impact on London Businesses
A lot of businesses in London are actually suffering as a result of increasing divorce levels. Over 60 per cent of people in the capital are estimated to have gone through a divorce or known someone who has, with 10 per cent of those being forced to leave their job as a result of separation. Large corporations may not be so bothered by this, but it can have a big impact on start-ups and SMEs.
Future Divorce Levels
As divorce rates are on the rise for the first time in a while, could this signal a new trend? It can be hard to work out from historical data, as this could just be a slight dip with marriages generally lasting longer or signal something more serious.
Maybe it’s the stress of living in London that is leading to a rise in divorces, or it could more likely just be a range of different factors for different couples.